Jefferies to Use Townsend’s RealTick EMS to Enhance JETS Offering

Townsend Analytics today announced at the Security Traders Association of Chicago (STAC) Mid-Winter meeting, a strategic alliance with Jefferies & Company, Inc., a leading investment bank and institutional securities firm, to offer Townsend’s RealTick® electronic trade execution management system (EMS) to Jefferies’ Electronic Trading, Algorithmic and Prime Brokerage customers.

Townsend’s global Execution Management System (EMS) will serve as the trading front end for Jefferies’ high performance JETS (Jefferies Electronic Trading Solutions) product and Jefferies Quantitative Execution Strategy (QES) algorithms.

“The addition of Townsend’s RealTick EMS is very complementary to our suite of
proprietary algorithmic trading strategies with cutting-edge small and mid-cap features and enhances our trading capabilities,” commented Ross Stevens, Co-Head of Equity Products at Jefferies & Company, Inc. “As a leading provider of liquidity and execution in small and mid-cap securities for a global clientele, we seek to offer world-class trading tools to our customers while maximizing execution opportunities and controlling risk.”

“We are delighted that Jefferies has chosen Townsend Analytics as a strategic partner in their effort to build out their electronic trading solutions,” states Townsend Analytics CEO Jeff Wecker. “As a global, multi-broker, multi-asset class and multi-route EMS solution, RealTick helps Jefferies deliver unsurpassed trade execution capabilities to their clients,” Wecker affirms.

As an integral part of Jefferies’ electronic trading offerings, RealTick’s functionality
allows JETS users to easily employ a wide variety of complex direct market access and algorithmic trading strategies. Jefferies Quantitative Execution Strategies (QES) algorithms offered through JETS front end provide greater order control and flexibility, and include VWAP, Volume Participation, TWAP, Strike, Seek, Post, Impact Management Server (IMS), Corporate Buyback, Pairs Trading, and Custom Trading Strategies.

Specialty RealTick order types accessible from the JETS trading front end, including
conditional, reserve, discretionary, pegged, stop and seamlessly integrated worked
orders allow Jefferies’ customers to fully control and manage their trading, lessen the market impact of a trade, and preserve anonymity. RealTick also provides JETS users with access to real-time market data, full depth of book quote display from major global liquidity sources, advanced content, analytical capabilities, and risk and accountmanagement functions.